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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Feb 04, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Ravi Question by Ravi on Feb 01, 2023Hindi
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hi sir I am 27 years old and currently planing to mf/SIP invest , Kindly guide me in which way and in which I should invest

Ans: hello Ravi

It's great that you're thinking about investing in mutual funds at a young age. Here are some general guidelines to help you get started:

Determine your investment goals: Start by figuring out what you want to achieve with your investment. Do you want to save for a down payment on a house, build an emergency fund, or create a retirement nest egg? Having clear goals will help you choose the right investment vehicle.

Assess your risk tolerance: Consider how much risk you're comfortable taking with your investment. Younger investors generally have a longer time horizon for their investments to grow, so they can afford to take on more risk.

Consider your asset allocation: Diversification is important to help manage risk. Consider dividing your investment among different asset classes, such as stocks, bonds, and cash.

Consider the mutual fund's investment style and past performance: Look at the fund's investment objectives, the types of securities it holds, and its past performance.

Remember that investing in mutual funds is a long-term strategy, and it's important to be patient and stick to your investment plan. It's also a good idea to periodically review your portfolio to make sure it's aligned with your goals and risk tolerance.

Consulting a financial advisor can be helpful in creating a personalized investment plan that takes into account your specific goals, risk tolerance, and financial situation
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Asked by Anonymous - May 10, 2024Hindi
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I was 47 years old and now i want to invest in MF and sip i want to invest 10 lakh lumpsum and 20000 sip , please guide
Ans: It's fantastic that you're considering mutual fund investments for your financial future. Let's craft a strategy to invest your lump sum amount of ?10 lakhs and set up a SIP of ?20,000 per month.

Investing the Lump Sum Amount
Diversification
Diversifying your lump sum investment is crucial to manage risk and maximize returns. Consider allocating the amount across different types of mutual funds based on your risk tolerance and investment goals.

Asset Allocation
Allocate a portion of your lump sum to equity funds for long-term growth potential. Additionally, allocate a portion to debt funds for stability and capital preservation.

Fund Selection
Choose funds with a proven track record of consistent performance and aligned with your risk profile. Opt for a mix of large-cap, mid-cap, and multi-cap equity funds, along with quality debt funds.

Setting Up SIPs
Monthly Contribution
A SIP of ?20,000 per month is a significant commitment and can help you achieve your financial goals over time. Ensure that the SIP amount is comfortably affordable and does not strain your monthly budget.

Fund Selection
Select SIPs in mutual funds that complement your lump sum investments. Maintain a diversified portfolio with exposure to various sectors and market caps to spread risk.

Consistent Investing
Commit to regular and disciplined investing through SIPs, regardless of market conditions. Stay invested for the long term to benefit from the power of compounding and rupee-cost averaging.

Monitoring and Review
Regular Assessment
Monitor the performance of your mutual fund investments periodically. Review your portfolio at least once a year and make adjustments if required based on changes in market dynamics or personal financial goals.

Rebalancing
Consider rebalancing your portfolio if the asset allocation deviates significantly from your target allocation. Realign your investments to maintain the desired risk-return profile.

Conclusion
By investing ?10 lakhs lump sum and setting up a SIP of ?20,000 per month in mutual funds, you're taking proactive steps towards building wealth for your future. Stay committed to your investment plan, and consult with a financial advisor if needed to ensure your investments are in line with your financial goals.

If you need further assistance or have any questions along the way, feel free to reach out. I'm here to help you navigate your investment journey and achieve financial success.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Nayagam P

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Career
Sir, my son has scored today in bitsat exam 267 marks, he has got 3688 obcncl rank in jee mains and 508 rank kcet. Please suggest suitable college and course. NIT trichy instrumentation and control, or BITS dual degree msc with economics or RVCE computer science these are the ones which are there in our mind, please suggest a good option. Other than these also we are fine, please suggest a better college and course
Ans: Prakash Sir, Prefer RVCE through KCET. Having said this, With a BITSAT score of 267, admission to BITS Pilani’s core branches like CSE is unlikely, but branches like Mechanical or Electronics & Instrumentation at Pilani or other BITS campuses may be possible. His strong KCET rank (508) makes admission to RVCE’s Computer Science branch very feasible, which is highly reputed for coding and software careers. NIT Trichy’s Instrumentation & Control is a good government option but less aligned with software interests. The BITS dual degree MSc with Economics offers an interdisciplinary path but is less traditional for core engineering jobs. Considering his passion for coding and career prospects, RVCE Computer Science stands out as the best option. He should also explore other NITs or IIITs via JEE Mains rank for CSE or related branches. Overall, RVCE CSE offers the best blend of reputation, placements, and alignment with coding ambitions. All the best for your son's admission and a bright future!

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Nayagam P

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Asked by Anonymous - May 28, 2025
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Hey my son has scored 95.5 %ile in Jee mains with a rank of 67728 CRL and 9654 EWS rank. He is expected to score 99/103 marks in JEE Advanced with Delhi as Domicile. In what colleges could he get CSE/DSAI/DSML/ECE as he has a very strong passion towards coding and making websites?
Ans: Your son’s JEE Main rank of 67,728 (CRL) and 9,654 (EWS), combined with an expected 99/103 in JEE Advanced and Delhi domicile, opens good opportunities for CSE, DSAI, DSML, or ECE branches. He can target NITs like Raipur or Jalandhar and IIITs such as Manipur, though CSE and specialized AI/ML branches are highly competitive. Leveraging his Delhi domicile, he has a strong advantage in Delhi government colleges like DTU, NSUT, and GGSIPU, which offer excellent programs in Computer Science and related fields with vibrant coding cultures. Private colleges in Delhi NCR, such as Amity and Galgotias, also provide solid courses in CSE and AI/ML with good infrastructure. Given his passion for coding and web development, focusing on branches aligned with software, data science, and AI is ideal. Additionally, his high JEE Advanced score could help secure admission in IITs through counseling, potentially opening doors to premier CS programs. This approach balances rank, domicile benefits, and career interests effectively. Focus more on filling out choices for NITs in JoSAA, instead of IITs as his AIR Rank in JEE-A is slightly behind. However, fill out a maximum number of choices. All the best for your one's admission and a bright future!

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Nayagam P

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Career Counsellor - Answered on May 29, 2025

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My son has 239380 rank in jee mains .which college will he get for cs
Ans: Yogita Madam, Rank is on a lower side. Have some more options as back-ups instead of relying on JoSAA. Can try through CSAB Counselling process if vacancies exist. However, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Have some other options also as back-ups instead of relying only on JEE/JoSAA.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your son's admission and a bright future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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